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Note 8 - Deposits | 9 Months Ended
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Sep. 30, 2024
Notes to Financial Statements |
Deposit Liabilities Disclosures [Text Block] | NOTE 8 – DEPOSITS Deposits are summarized as follows at the dates indicated:
|  | September 30, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
Noninterest-bearing checking |  | $ | 641,270 |  |  | $ | 654,048 |
Interest-bearing checking (1) |  |  | 165,944 |  |  |  | 244,028 |
Savings |  |  | 151,364 |  |  |  | 151,630 |
Money market (2) |  |  | 340,049 |  |  |  | 359,063 |
Certificates of deposit less than $100,000 (3) |  |  | 533,441 |  |  |  | 587,858 |
Certificates of deposit of $100,000 through $250,000 |  |  | 452,705 |  |  |  | 429,373 |
Certificates of deposit greater than $250,000 |  |  | 126,075 |  |  |  | 79,540 |
Escrow accounts related to mortgages serviced (4) |  |  | 16,483 |  |  |  | 16,783 |
Total |  | $ | 2,427,331 |  |  | $ | 2,522,323 |
(1) | Includes $70.2 million of brokered deposits at December 31, 2023.
(2) | Includes $1.0 million and $1,000 of brokered deposits at September 30, 2024 and December 31, 2023, respectively.
(3) | Includes $250.2 million and $361.3 million of brokered deposits at September 30, 2024 and December 31, 2023, respectively.
(4) | Noninterest-bearing accounts.
Scheduled maturities of certificates of deposits at September 30, 2024 for future periods ending are as follows:
Remainder of 2024 |  | $ | 415,152 |
Maturing in 2025 |  |  | 566,388 |
Maturing in 2026 |  |  | 102,663 |
Maturing in 2027 |  |  | 20,688 |
Maturing in 2028 |  |  | 6,919 |
Thereafter |  |  | 411 |
Total |  | $ | 1,112,221 |
Interest expense by deposit category for the periods indicated is as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Interest-bearing checking |  | $ | 580 |  |  | $ | 643 |  |  | $ | 1,919 |  |  | $ | 1,111 |
Savings and money market |  |  | 1,981 |  |  |  | 1,529 |  |  |  | 5,593 |  |  |  | 4,071 |
Certificates of deposit |  |  | 10,925 |  |  |  | 8,290 |  |  |  | 32,108 |  |  |  | 19,514 |
Total |  | $ | 13,486 |  |  | $ | 10,462 |  |  | $ | 39,620 |  |  | $ | 24,696 |

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- Definition The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 405 -Topic 942 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478353/942-405-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(12)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph e -Publisher SEC Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Publisher SEC + Details
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